$1,076,000
Flagstaff, AZ 86001
MLS# 198708
Status: Closed
1743 sqft
1 / 59
Property Description
Adorable Downtown Multi-Unit Property - 4 Charming Units. Nestled in the heart of downtown, this adorable multi-unit property is full of old-world charm combined with modern updates. Featuring four units in total, this gem offers incredible versatility and investment potential. Two 2-bedroom, 1-bath units in the front carriage house. Spacious and perfect for tenants seeking comfortable living with historic character. Both have new kitchens and one is fully remodeled. Two studio units in the back house are cozy and efficient. Both with great outdoor space. Upstairs unit has vaulted ceilings with beautiful tongue & groove. Both homes are in great condition, with many updates including a new roof. There's plenty of parking available for all units, a rare find for a downtown location.
Details
Contract Information
List Price/SqFt: 631.09
Transaction Type: Sale
Status: Closed
Listing Agreement Date: 2024-10-22
Current Price: $1,076,000
Sold Price: $1,076,000
Property Sub-Type: Multi Family
Location, Tax & Legal
Region: 10 - North West City
APN: 10112018b
Legal Description: Sixteenth: NW Quarter: SW Section: 15 Township: 21N Range: 07E
Taxes: 4627.54
Tax Year: 2023
County: Coconino
Area: 145 - Flagstaff Townsite
Street #: 11
Direction: W
Street Name: Elm
Suffix: Avenue
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86001
Geo Lat: 35.2021
Geo Lon: -111.647535
General Property Description
Year Built: 1933
Year Built Source: County
Key Words
Sale/Rent Description: For Sale
Net Op Inc: $20,000 - 49,999
Cap Rate: 8 - 8.9%
Vacancy %: 0%
Down Payment: Submit
Imprv Sz (Gross SF): 1,500 - 2,999
Land Size: To 6,000 SF
# Units: 4
Remarks & Misc
Directions: From Rt 66, North on Beaver, Right on W Elm, Property is on the right.
Status Change Info
Sold Price/SqFt: 617.32
Financing: Conventional
Sold Date: 2024-12-04
Sold Price: $1,076,000
Inc/Exp (Annual)
Vacancy Rate %: 0
= Net Op Income(NOI): 40095.79
Cap Rate %: 8
To Show
Appt Only/CLO: 1
Leases
Month To Month: 1
1 Year +: 1
Util incld in Rent
Electicity: 1
Natural Gas: 1
Sewer: 1
Trash Collection: 1
Water: 1
Potential Terms
Cash: 1
Conventional: 1
Interior Amenities
Carpet/Tile: 1
Laundry Area: 1
Range/Ovens: 1
Refrigerators: 1
Wood Floors: 1
Exterior Amenities
Deck/Belcony: 1
Laundry Room: 1
Porch/Patio: 1
Flood Zone
None: 1
Lot Street Imprvmnts
Curb/Gutters: 1
Paved Parking: 1
Paved Street: 1
Street Parking: 1
Utilities
City Water: 1
Electricity Available: 1
Natural Gas: 1
Sewer: 1
Heating
Electric: 1
Other: 1
Management
Owner/Family: 1
Construction
Frame - Wood: 1
Roof
Asphalt Shingle: 1
Currently Not Used
Approx SqFt: 1743
Property Features
To Show: Appt Only/CLO
Leases: Month To Month; 1 Year +
Util incld in Rent: Electicity; Natural Gas; Sewer; Trash Collection; Water
Potential Terms: Cash; Conventional
Interior Amenities: Carpet/Tile; Laundry Area; Range/Ovens; Refrigerators; Wood Floors
Exterior Amenities: Deck/Belcony; Laundry Room; Porch/Patio
Lot Street Imprvmnts: Curb/Gutters; Paved Parking; Paved Street; Street Parking
Utilities: City Water; Electricity Available; Natural Gas; Sewer
Heating: Electric; Other; Other
Construction: Frame - Wood
Roof: Asphalt Shingle
Flood Zone: None
Management: Owner/Family
IDX
Listing Office: Best Flagstaff Homes Realty
Last Updated: June - 03 - 2025
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